Zambia has received the Public Sector Reform Award at the 2026 Africa Trade Conference in Cape Town, South Africa, in recognition of the country’s fiscal and financial reforms aimed at strengthening macroeconomic stability.
The award, sponsored by Access Bank, acknowledges Zambia’s efforts to restore economic stability through decisive policy measures, including debt restructuring and fiscal discipline.
Chipoka Mulenga, Minister of Commerce, Trade and Industry, accepted the award on behalf of the Ministry of Finance and National Planning, stating that the recognition reflects government’s commitment to economic reform and responsible financial management.
Mulenga said Zambia’s progress in implementing reforms, despite a high debt burden, is now gaining international recognition.
He noted that the government has taken steps to address key economic challenges, including restructuring public debt and dismantling fuel subsidy arrears valued at more than 100 million US dollars.
Mulenga added that policies aimed at strengthening trade and promoting local leadership are helping to grow the economy, reduce inflation, and stabilize the country’s financial outlook while creating employment opportunities for citizens.
The 2026 Africa Trade Conference brought together policymakers, business leaders, and economic experts from across the continent to discuss strategies for boosting trade and economic development in Africa.
By Rachel Mumba
